💻 Texas Instruments Announces Dividend Growth, Goldman Sachs Raises Price Target for CrowdStrike While Intel Slips | Tech Sector Insights
Key contributors to VGT's performance include NVIDIA, Microsoft, Qualcomm, Applied Materials, and Texas Instruments, all of which experienced negative returns.
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Friday, September 20
VGT [-0.4%]
The Vanguard Information Technology ETF (VGT) has declined by 0.4% since Thursday, coinciding with a broader market downturn as the S&P 500 Index fell by 0.34%. Key contributors to VGT's performance include NVIDIA, Microsoft, Qualcomm, Applied Materials, and Texas Instruments, all of which experienced negative returns. Mizuho has lowered its price targets for Applied Materials and Lam Research, reflecting a cautious outlook on the global wafer fabrication equipment market for 2025. In contrast, Texas Instruments announced a 5% increase in its quarterly dividend, marking its 21st consecutive year of dividend growth. This mixed performance among holdings suggests a complex environment for technology stocks amid current market conditions.